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Employers To Embrace Arbitration After 3rd Circ. Ruling

The Third Circuit's ruling that courts, rather than arbitrators, should decide whether classwide arbitration is available when an agreement is silent on that point will encourage some employers that had been on the fence about arbitration to embrace it as a means to counter the surging tide of costly wage-and-hour class actions, lawyers say.

  • GAO Says Big Bank 'Subsidy' Could Return In A Crisis

    The biggest U.S. banks were able to fund themselves at a lower cost than their smaller rivals during the financial crisis, but while that advantage has nearly disappeared, it could return if market conditions deteriorate, a U.S. Government Accountability Office report set for release Thursday found.

  • US Atty Issues Fresh Warning On Moreland Probe, Report Says

    The Manhattan federal prosecutor investigating the possibility that laws were broken when Gov. Andrew Cuomo abruptly pulled the plug on a state-level anti-corruption probe sent a fresh warning related to witness tampering, according to a Thursday report.

  • Credit Suisse Latest To Disclose Dark Pool Probes

    Credit Suisse AG on Thursday became the latest major bank to disclose it is under government investigation around the operation of alternative trading systems, the class of off-exchange venues that include dark pools.

  • Apple Tells Fed. Circ. To OK $930M Samsung Patent Verdict

    Apple Inc. on Monday urged the Federal Circuit to uphold a $930 million judgment as part of an ongoing smartphone patent infringement suit against Samsung Electronics Co. Ltd., saying its rival presented no evidence to overturn a jury's infringement verdict and damages award.

  • Ex-Jenkens & Gilchrist Atty Gets 6 Months In $7B Tax Fraud

    Erwin Mayer, a former Jenkens & Gilchrist PC attorney who pled guilty to participating in a $7 billion tax shelter scheme and later testified against others at the firm including Paul Daugerdas, was sentenced in New York federal court on Wednesday to six months in prison.